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Romashka [77]
1 year ago
6

a business must not only look at its direct competitors, but also must contend with those firms that offer a product that a cons

umer might alternatively choose. for example, mcdonald's and burger king can be considered competitors and if one firm raises prices the other firm might gain its customers. however, if both firms raise their prices, customers may choose to purchase pizza instead. porter refers to this as the force of in the market.
Business
1 answer:
MAVERICK [17]1 year ago
4 0

A business must not only look at its direct competitors, but also must contend with those firms that offer a product that a consumer might alternatively choose. Porter refers to this as the force of substitutes in the market.

<h3>What factors affect the market?</h3>

Supply and demand in an economy are regulated by government action as well as other causes such as social, demographic, cultural, economic, technical, political, and legal pressures. The supply of a product may be affected by the weather.

<h3>Why does the market operate the way it does?</h3>

The free-market system is driven by self-interest. For their own financial advantage, people manufacture commodities and services. The struggle for consumers' dollars is what is known as competition among producers.

To know more about factors market visit:

brainly.com/question/12183766

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Sam is willing to pay $12 per month for 1 green egg per month, $10 for the 2nd, $8 for the 3rd, etc. The market price of green e
olasank [31]

Answer:

1. Sam purchases 3 green eggs every month and 3 ham slices every month. He spends $24 on eggs and $36 on ham.

2. Ham provides Sam with the greatest net benefits.

3. If the eggs cost $6 the net benefits for Sam would be the same for both

( egg and ham)

Explanation:

Given data:

cost of per green egg per month =  $12

         2nd egg ...................................   = $10

         3rd egg ...................................    = $8

cost of 1 slice ham per month =  20

            2nd slice ........................= $16

            3rd slice .....................    = $12

1. Sam purchases 3 green eggs every month and 3 ham slices every month. He spends $24 on eggs and $36 on ham.

2. Ham provides Sam with the greatest net benefits.

3. If the eggs cost $6 the net benefits for Sam would be the same for both ( egg and ham)

7 0
3 years ago
(30 POINTS)What is one difference between a vocational school and on-the-job training?
kogti [31]

Answer:

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Explanation:

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3 0
3 years ago
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Choose all the characteristics of an effective leader.
borishaifa [10]

Answer:

likes competitions, puts in the work, team player

8 0
3 years ago
At the end of a company's first year of operations, 2,000 units of inventory are on hand. Variable costs are $100 per unit and f
Scilla [17]

Answer:

absorption income higher by $60000

Explanation:

given data

inventory on hand = 2,000 units

Variable costs = $100 per unit

fixed manufacturing costs = $30 per unit

to find out

higher net income of what amount

solution

we know that Absorption cost and variable cost are different in their treatment of the fixed manufacturing costing

so we use of absorption cost that carry over in fix cost into ending inventory is here

absorption cost that carry over = fixed manufacturing costs × inventory on hand  

absorption cost that carry over = $30 × 2000  

absorption cost that carry over = $60000

so that here this amount is use for variable costing and absorption income higher by $60000

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4 years ago
If fixed costs are $200,000 and the unit contribution margin is $20, what amount of units must be sold in order to have a zero p
Sedbober [7]

Answer:

the amount of units that should be sold in the case when there is a zero profit is 10,000 units

Explanation:

The computation of the amount of units that should be sold in the case when there is a zero profit is given below:

No. of units to be sold is

= Fixed Cost ÷ Contribution per unit

= $200,000 ÷ $20

= 10,000 units.

hence, the amount of units that should be sold in the case when there is a zero profit is 10,000 units

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